A project requires an investment of $5,000 today and it will generate after-tax cash flows of $2, 500 per year for the next three years. The company's weighted average cost of capital is 9.8% per year. What is the project's internal rate of return? 1) 16.7% 2) 19.6% 3) 17.3% 4) 23.4% 5) 11.3%